1. Letter from the
President:Flying with the
wind

In
late November, I traveled to
Perth
,
Australia
to give the keynote speech at the Flow Measurement Forum. The
Forum was held on November 28 and 29, 2012.I also gave a four workshop on flowmeters.The focus of both presentations was on flowmeters used in the oil
and gas business, and the energy markets more generally.This is an important topic in
Australia
, since they are a major provider of natural gas and LNG and also
have significant supplies of crude oil.

Just getting there is half the battle.

In case you have been to Australia, you know
that getting there is a lengthy process. I left my house at 2:00 pm on
Saturday for a flight from
Boston
to New York.This was
to catch a
New York
flight at midnight to
Dubai.The flight to
Dubai
lasted 13 hours.Then I had a
6-hour layover in
Dubai
before boarding a 12-hour Emirates flight to Perth.All
told, it took me 39 hours to get to
Perth
from Boston.Since
I can’t sleep on planes, I was beyond exhausted by the time I got there.I arrived in Perth around 7:30 pm on Monday evening, November 26.

Dr. Jesse Yoder

The Flow Measurement Forum

The morning of November 28, I gave a four hour
workshop about the different flow technologies, their advantages and
disadvantages, and their applications in energy environments.The audience was a mixture of people from process plants,
universities, and engineers and technicians.I was also asked to chair the afternoon sessions.

The following morning (November 29), I gave the
keynote speech, the focus of which was a more high-level look at flow
measurement trends in energy along with trends in oil and gas production
and exploration.This is such
an exciting topic because so much is happening both in natural gas and
crude oil production.More and
more attention is shifting to natural gas because it is cheaper, cleaner,
and more plentiful than crude oil.

Australia
is the epicenter for a great deal of natural gas development.The Gorgon Project exists in a couple of islands offshore of
northwest Australia.The Gorgon Gas Fields are
about 130 kilometers off the coast of northwest Australia.Near the fields is Barrow
Island, where a liquefied natural gas (LNG) plant is being built.This plant is expected to produce 15.6 metric tons of LNG per year.Australia
hopes to supply LNG to the entire region, with
India
being a major destination.The
project, which is costing an estimated $54 billion, is a joint venture of
Chevron Australia, Shell Development Australia, and Mobil Australia Resources.

A rare day off: sushi and sleep, plus the zoo

On
Friday, I had a free day.First,
I caught up on a little sleep.Then
I went walking around downtown Perth, looking for sushi places.I
also managed to get in a visit to the zoo, where I saw some panda bears
and kangaroos.

Visiting SydneyThe next day I flew to Sydney
for three days.I actually had
only one free day there, since most of Saturday was taken up in flying
east to Sydney.Though the flight takes only
four hours, because you are flying east, through time zones you lose three
hours of time on the clock.So
I left
Perth
in the morning for a four hour flight, but arrived in Sydney
in the evening!

Visiting
Macnaught

Since I can’t seem
to go anywhere without visiting a flow company, I had set up a meeting
with Macnaught Industries for Monday, December 3.This
proved very interesting.Macnaught
is the largest positive displacement flowmeter supplier in
Australia
, and they are a lot larger than I realized. After
leaving Macnaught, I left for the hotel and headed for the airport at 5:00
pm.

Flying with the wind at your back has definite
advantages.The return trip was a little easier than the trip to Perth.I had
only one stopover – in Dallas
– and then flew straight to
Boston.This took
closer to 28 hours than the 39 hours I spend going from
Boston
to Perth.What
was most significant about my route is that I flew east the entire way,
instead of heading east and then returning the way I came.Because
I continued east to
Dallas
from
Sydney
instead of returning through Dubai, I
saved at least eight hours of flying time.I logged over 25,000 miles of flying time in a unique opportunity
to fly around the world.

Many wonderful
experiences and people

I’ve been to Dubai,
Abu Dhabi, Oman, Qatar,
Switzerland, Germany, Norway,
Amsterdam, London, and, in the United States,
I’ve been to Boulder, Minneapolis
and countless other places.I
love all these places, but what I love most is the truly wonderful people
I meet on these trips.My trip
to Australia ranks up there among my very best trips
– even though I was sleep-deprived most of the time – and I wouldn’t
trade the experience for anything I can imagine.I
am grateful to Sarah Montgomery and IDC Technologies for giving me the
opportunity to make this trip.If
you ever have a chance to go to Australia, don’t hesitate!

--- Dr Jesse Yoder,
President

2. Volume X: The World Market for Flowmeters, 4th Edition
Is Now Shipping

“Volume X” is one of our most popular studies.Just a quick reminder of some of what you’ll find in this major
resource that covers the entire flowmeter market, including individual
coverage of 13 flowmeter technologies:

Worldwide and regional market size in 2011 with forecasts
through 2016

Market shares for different flowmeter types in 2011

Description and analysis for each flowmeter type, including
major competitive strengths and weaknesses

Company profiles and product information for the major
manufacturers of each technology type

And much more!
– More details about segmentation breakouts can be found in the Overview
on the website listed below.

Module A: Strategies, Industries, & Applications:The in-depth research in Module
A complements and builds on the results of Volume
X: The World Market for Flowmeters, 4th Edition.It can be ordered as a standalone report or as an add-on to the
main study.Module
A provides focused insights into industry trends by flowmeter type,
looks at product improvements, and explains advantages and disadvantages
inherent to each flowmeter type.You’ll
find essential information on market forces at work, market outlook and
strategies for marketing success.Module A also provides shipments by application and industry, in
dollars and percentages, worldwide and by geographic region, for all new
technology and traditional technology flowmeters.More details about segmentation breakouts can be found in the
Overview on the website listed below.

3. The World Market for Coriolis
Flowmeters, 4th Edition Is Now Shipping

Flow
Research has recently completed a new market study called The World Market for
Coriolis Flowmeters, 4th Edition. Flow Research has
previously published Coriolis studies in 2001, 2003, and 2008. The
new edition of the study includes the segmentation included in earlier
versions, and also introduces brand new segmentation.The
study is now shipping.

Since
completing our first Coriolis study in 2001, we have been following this
market very closely. Many
developments have been described in our quarterly report, the Market
Barometer. Each issue of
the Market Barometer includes an update on the Coriolis flowmeter
market. Coriolis flowmeters
have also been the topic of many articles by Dr. Jesse Yoder over the past
several years.This new study
builds on the knowledge we have gained over the years, but it is a
completely new look at this market.

Our
end-user interviews indicate that the interest in Coriolis flowmeters
remains at a very high level, and that end-user needs have become more
complex and demanding.We have determined that some of the growth in this market is due to
growth in the oil & gas and other energy markets, and we were
interested to also learn the growth rates of other industries since the
2008/2009 recession.We
believe this is an optimal time for this new edition’s in-depth look at
an expanding market.

This
study has accomplished several important
objectives:

To
provide the 2011 market size in US dollars and unit volume for
Coriolis flowmeters worldwide

To
provide a detailed forecast of the market for Coriolis
flowmeters in dollars and unit volumes through 2016

To
provide market shares of the leading suppliers of Coriolis
flowmeters worldwide

To
provide segmented data both worldwide and for each of eight
global regions

To
provide a technology and product analysis for Coriolis
flowmeters

To
provide market and product strategies for suppliers of Coriolis
flowmeters worldwide

To
provide company profiles of the significant suppliers of
Coriolis flowmeters worldwide

Key issues
in the Coriolis flowmeter market that are addressed by this study include:

Growth in the use of smart Coriolis flowmeters

The relative merits of straight tube vs. bent tube meters

The growing use of Coriolis flowmeters to measure gas flow

The emerging market for Coriolis in steam flow measurement

Growth in the market for large line size Coriolis meters

Low cost Coriolis meters

The segmentation
for this study includes:

Coriolis Flowmeter Types

Coriolis Flowmeters by Fluid Type

Coriolis Flowmeters by Mounting Type

Coriolis Flowmeters by Sensor Tube Material

Coriolis Flowmeters by Temperature
Range

Coriolis Flowmeters by Petroleum Liquid Applications

Coriolis Flowmeters by Non-petroleum Liquid Applications

Coriolis Flowmeters by Gas Applications

Coriolis Flowmeters by Intelligence Level

Smart Coriolis Flowmeters by Communication Protocol

Coriolis Flowmeters by Line Size

Coriolis Flowmeters by Industry

And more!For more detailed information, see the Overview available on the
website below or contact us.

4. Azbil Acquires 70% Stake in VorTek

(Excerpt)

For further enhancement of business structures, Azbil
Corporation acquires a stake in U.S. company VorTek Instruments, LLC, which becomes an azbil Group company.Azbil will broaden its flow meter product portfolio and strengthen
its global product development functions.

TOKYO, January 30, 2013 – Azbil Corporation has
announced that to globally strengthen and expand its flow meter business,
it has decided to make a capital participation in VorTek Instruments, LLC,
a U.S. manufacturer and supplier of vortex flow meters with a proven track
record worldwide. Azbil
Corporation’s
U.S.
subsidiary, Azbil North America, Inc., acquired a 70% stake in VorTek
Instruments on December 31, 2012. The
company became an azbil Group company and will change its name to Azbil
VorTek, LLC.

VorTek Instruments is a global company engaged in the
development, manufacture, and sale of vortex flow meters with temperature
and pressure compensation. It
features a lineup of vortex flow meters with integrated temperature and
pressure compensation, including insertion meters for large pipe
applications. Its main
applications are utility steam measurement/control of building HVAC and
food processing plants, steam measurement/control of town gas
manufacturing plants, and steam and supply measurement/control of various
processes.

This capital tie-up will augment and strengthen
Azbil’s flow meter product lineup, which will enable the company to
provide solutions with higher added value and to expand the development of
its global business.Furthermore,
by strengthening flow calibration and product development functions in
North America
, Azbil aims to establish a globally optimal and efficient business
structure.

The full press release is covered in our Q4 2012 Market
Barometer.Market
Barometer
reports on important technology introductions, mergers and acquisitions,
and application trends.For
more information on the Market
Barometer, go to www.worldflow.com.To easily find articles by
Jesse Yoder, visit http://www.flowarticles.com/

Our Worldflow
Monitoring Service focuses on news in the flowmeter industry, as well
as some types of temperature, pressure, level and analytical
instrumentation, reporting on important technology introductions, mergers
and acquisitions, and application trends. Subscribers
receive quarterly publications of the Energy
Monitor and the Market
Barometer, plus Flash
Reports of important news that breaks between quarterly publications,
and have access to a web-based library of information, Worldflow
Online.For more
information about our Worldflow
Monitoring Service, visithttp://www.worldflow.com.

5. Core Study: The World Market
for Ultrasonic Flowmeters, 4th Edition is hot off the
press!

Flow Research has conducted a 3-study analysis of the
worldwide ultrasonic flowmeter market.This is the 4th edition of our study of this market.We have been following this
market very closely since undertaking our first ultrasonic study, which
was published in 2001.This
edition is unique in that we have divided it into three separate studies:

Core
Study: The World Market for Inline Ultrasonic Flowmeters – now
shipping!

Module
A: The World Market for Clamp-on and Insertion Ultrasonic Flowmeters
– published April 2012

Module
B: Worldwide Ultrasonic Flowmeter Market View – coming soon

The inline market is quite different from the
clamp-on and insertion markets.This
is true of applications, industries, price points, and many other factors.
Geographic regions,
technologies, applications, industries, fluid types, distribution
channels, and customer types are all analyzed separately for clamp-on,
insertion, and inline ultrasonic flowmeters. Creating
separate modules for the ultrasonic study has proved very valuable. By
isolating the inline (spoolpiece) market from the clamp-on and insertion
markets, we have been able to create a much more compelling and
informative analysis.Also, by
doing the three studies, we can offer clients who are only interested in
one or two areas of focus more targeted information at a lower cost than
having to buy an all-in-one.They
can be purchased as a set or separately. There
are discounts available for combination purchases, or you can get the
whole package of three for the best overall pricing.

The Core
Studyhas just been shipped.It focuses on the
inline ultrasonic flowmeter market.This study provides market size and market shares for single and
dual path transit time ultrasonic meters and for multipath ultrasonic
meters.Multipath meters are
used for custody transfer of natural gas, the fastest-growing niche within
flow.The study provides
market size and market shares for custody transfer of natural gas, custody
transfer of petroleum liquids, along with non-custody transfer
applications.It
is packed full of data on
inline meters, including data on mounting types, fluid types, single and
dual path vs. multipath, industries, gas and liquid applications, mounting
types, communication protocols, plus much more.

Module Awas published in April 2012.It covers both clamp-on and insertion ultrasonic flowmeters.Clamp-on and insertion flowmeters each have a separate chapter for
their respective market size and forecast break-outs.Module A is published as
two separate books.Book One contains data on clamp-on ultrasonic flowmeters, and Book
Two contains data on insertion ultrasonic flowmeters.

Module B, Worldwide View, coming soon, puts the data from the
clamp-on, insertion, and inline flowmeters together into a complete
picture of the total worldwide and regional ultrasonic flowmeter market.

For more information about these three studies, as
well as information and articles focused on ultrasonic flowmeters, visit
our website http://www.flowultrasonic.com.

12 November 2012 – The global energy map is
changing in dramatic fashion, the International Energy Agency said as it
launched the 2012 edition of the World Energy Outlook (WEO).The Agency's flagship publication, released today in London, said these changes will recast expectations about the role of different
countries, regions and fuels in the global energy system over the coming
decades.

“
North America
is at the forefront of a sweeping transformation in oil and gas production
that will affect all regions of the world, yet the potential also exists
for a similarly transformative shift in global energy efficiency,” said
IEA Executive Director Maria van der Hoeven.“This year’s World Energy Outlook shows that by 2035, we can
achieve energy savings equivalent to nearly a fifth of global demand in
2010.In other words, energy
efficiency is just as important as unconstrained energy supply, and
increased action on efficiency can serve as a unifying energy policy that
brings multiple benefits.”

The WEO finds that the extraordinary growth in oil
and natural gas output in the
United States
will mean a sea-change in global energy flows.In the New Policies Scenario, the WEO’s central scenario, the United States
becomes a net exporter of natural gas by 2020 and is almost
self-sufficient in energy, in net terms, by 2035.North America emerges as a net oil exporter, accelerating the
switch in direction of international oil trade, with almost 90% of Middle
Eastern oil exports being drawn to
Asia
by 2035.Links between
regional gas markets will strengthen as liquefied natural gas trade
becomes more flexible and contract terms evolve.While regional dynamics change, global energy demand will push ever
higher, growing by more than one-third to 2035.
China
,
India
and the
Middle East
account for 60% of the growth; demand barely rises in the OECD, but there
is a pronounced shift towards gas and renewables.…

The full press release is covered in our Q4 2012 Energy
Monitor.Energy
Monitor
focuses on the oil & gas, refining & petrochemical, and power
& renewable industries in relation to important developments and
trends, flow and temperature measurement, and other instrumentation.

Our Worldflow
Monitoring Service focuses on news in the flowmeter industry, as well
as some types of temperature, pressure, level and analytical
instrumentation, reporting on important technology introductions, mergers
and acquisitions, and application trends. Subscribers
receive quarterly publications of the Energy
Monitor and the Market
Barometer, plus Flash
Reports of important news that breaks between quarterly publications,
and have access to a web-based library of information, Worldflow
Online.For more
information about our Worldflow
Monitoring Service, visithttp://www.worldflow.com.

7. Oil study Module C: The World
Market for Custody Transfer of Petroleum Liquids Is Now Shipping

Two parts of our major series, The World Market for Oil Flow
Measurement, have already been published: the Core Study, along with Module
C. Module D is getting finishing touches for imminent publication, and Modules
A and B will follow soon after that.

The World Market for Oil Flow Measurement series is structured
like our series on The World Market
for Gas Flow Measurement, featuring a Core Study plus five modules:

Core Study: The
World Market for Oil Flow Measurement – published November 2012

Module A: Oil
Producers Worldwide – (Q1 2013)

Module B: Oil
Producers in the Mideast and
Africa – (Q1 2013)

Module C: The
World Market for Custody Transfer of Petroleum Liquids – published
September 2012

Module D:
Strategies, Industries, & Applications – coming soon!

Module E: The
World Market for Multiphase Flowmeters – published March 2012

Together they provide a comprehensive picture of the
oil flow market from multiple perspectives.The in-depth research in the modules complements and builds on the
detailed results of the Core Study.However they are designed to also work as standalone reports.

The series can be purchased as a set, for best
overall value and most complete picture of the market, or any of the
studies can be purchased individually or in combinations (contact Flow
Research for combination discount information). Most
are still available at pre-publication prices – take advantage of the
special price hold on Module C!

Here are descriptions of each study:

Core Study: The World Market for Oil Flow Measurement determines
the size of the oil flow measurement market in 2011 and forecasts the
market through 2016 worldwide and by geographic region. It
provides market analysis, shows where growth is occurring (and where it is
not), and where to expect the highest returns.It covers all seven types of flowmeters used in this market,
provides average selling prices, and provides company profiles and product
information for the main suppliers into the oil flow measurement market.For more information,
visit http://www.oilflows.com/.

Module A: Oil Producers Worldwide includes worldwide, regional,
and country-by-country data on flowmeters by type and on the oil markets.It includes data on oil production, reserves, imports, and exports
by region and country.It
tells you which countries are producing the most oil and which ones have
the greatest reserves.A
regional analysis of flowmeters by type shows which types of flowmeters
are used for oil flow measurement and where.For more specific
information, visit http://www.worldoilflow.com/.

Module B: Oil Producers in Mideast/Africa includes information
from extensive research to better understand oil flow measurement trends
in this region – including onsite interviews with 15 oil producers in
the United Arab Emirates (UAE),
Saudi Arabia,
Qatar, and Oman. We asked companies what
kinds of flowmeters they are using and what their expectations are for the
future. We look at oil
imports, exports, consumption, and reserves by country, as well as
profiles and products of major companies, and relationships between
companies in the region.The
result provides a very clear picture of flowmeter usage in Mideast/Africa.For more specific
information, visit http://www.mideastoilflow.com/.

Module C: The World Market for Custody Transfer of Petroleum Liquids determines
market size and market shares for all types of custody transfer flowmeters
worldwide and by seven geographic regions in 2011 with forecasts through
2016.It provides company
profiles and product analysis for the main companies selling into the
custody transfer flowmeter market, identifies market growth sectors, and
gives market shares for the different flowmeter types used for custody
transfer of petroleum liquids.For
more specific information, visit http://www.custodytransfer.com/oilflow_2011/welcome.htm.

Module D: Strategies, Industries, & Applications focuses on
strategies for companies already in the oil flowmeter market as well as
for those considering joining. It
will provide a world view of the market and identify future growth
markets, discuss recent political developments and how they may affect
market forces in the near future, and discuss realistic strategies for
success for those entering or planning to enter the oil flowmeter market.It will cover major companies and product lines.Segmentation includes applications and industries worldwide and by
region for 2011, with forecasts to 2016.For more specific information, visit http://www.oilflows.com/oilflow_2011/modd.htm.

Module E: The World Market for Multiphase Flowmeters determines
market size and market shares for multiphase flowmeters in 2011, with
forecasts through 2016, worldwide and by seven geographic regions.It includes segmentation by types and configurations, and also
identifies the industries and applications where multiphase flowmeters are
used. It provides company
profiles and product analysis for the main companies selling into this
market, identifies market growth sectors, distribution channels and
customer types, and discusses strategies for manufacturers selling into
the multiphase market.

8.Jesse Yoder Celebrates
200 Articles Published!

We are pleased to
announce that Flow Research principal Dr. Jesse Yoder has reached a
publishing milestone: 200 published articles! The
articles were published over a period of 18 years – from 1995 to 2013.

Informative and
timely, these articles cover every subject related to flow and
instrumentation, as well as in-depth research on industries related to
flow. Dr. Yoder is on the
Editorial Advisory Board for Flow
Control and the Reader Advisory Board for Processing
Magazine.

The World Market for Magnetic Flowmeters, 5th Edition
– Flow Research published the 4th edition of our worldwide
magnetic flowmeter market study in 2009.We have been following the magnetic flowmeter market regularly
since then.The 5th
edition will determine the size of the worldwide market in 2012, and the
market shares of all major suppliers.Market forecasts through 2017 will be included.

Key issues
in the magnetic flowmeter market addressed by this study will include:

The growth outlook for magnetic flowmeters worldwide and by
region

The demand for 2-wire, 4-wire, and wireless/battery meters

The displacement of AC magnetic meters with DC types

The competitive price pressure on magnetic flowmeters

The need for insertion magnetic flowmeters

The line sizes where magnetic flowmeters are most frequently
used

The types of liners used in magnetic flowmeters and their
proportions of the market

The adoption rates of communication protocols in smart
magnetic flowmeters

The World Market for Level Measurement – We were asked to
study the world market for level measurement and are excited to be looking
into this new area of research.More
information will be available soon at http://www.levelresearch.com/